LED sales forecast to jump
Total revenues of Taiwanese light-emitting diode (LED) companies are expected to grow this year on the back of a growing lighting market, according to a market information advisory firm. Taiwanese LED companies will have combined sales of NT$28.05 billion (US$937.04 million) in the second half of the year, up 11.9 percent from the first half, Digitimes Research said. Full-year revenues of these companies are expected to total NT$53.11 billion, up 16.8 percent from last year, the firm added. Digitimes urged local LED chipmakers to shift focus from LED TVs to the lighting market, in which more business opportunity lies. The global market penetration rate of LED TVs is more than 90 percent this year and has little room to grow, while that of LED lighting is only 18.4 percent and has much greater potential, Digitimes said. According to Digitimes’ forecast, revenues in the LED lighting sector will grow 35.3 percent to NT$10.07 billion in the second half of this year, exceeding NT$8.61 bilion in sales from LED chips used in televisions.
Brand forum draws experts
Foreign experts will visit Taipei later this month for a two-day forum, the Taiwan International Branding Forum, to be held from July 30. The forum builds on Taiwan’s attempts to build up local products and companies into globally recognized brands in recent years. World-renowned thought-leader and advisor Martin Roll is scheduled to talk about how to grasp business opportunities in Asia and Caspian Smith, director of the Brand System & Workforce Enablement under IBM Growth Markets, will also give a talk at the forum.